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Re: Seeking advice, review of portfolio

canderson, When you sell an appreciated asset you pay capital gains tax on your sale price less what you paid for it and sales expense. The rate you pay depends on your tax bracket. It's lower than the rate you pay on wages. What was paid for the asset is sometimes hard to determine if you don't ha...
by canderson
Thu Dec 27, 2012 9:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice, review of portfolio
Replies: 8
Views: 570

Re: Seeking advice, review of portfolio

I'm not really clear on UTMAs as I hadn't heard of it before we became married. I need to examine the tax implications of withdrawing money from that account. The UTMA should have been transferred to the custody of your wife long ago and would now be no different from any other taxable account. In ...
by canderson
Thu Dec 27, 2012 5:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice, review of portfolio
Replies: 8
Views: 570

Re: Seeking advice, review of portfolio

JW, thank you for the reply. I should have stated that more clearly - I'd only max out the Roth yearly contribution, not clean out the UTMA altogether. The UTMA has a substantial amount of money in those closed admiral shares at a low (iirc .30) cost. I guess I read too much into your post. If you ...
by canderson
Thu Dec 27, 2012 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice, review of portfolio
Replies: 8
Views: 570

Re: Seeking advice, review of portfolio

JW, thank you for the reply.

I should have stated that more clearly - I'd only max out the Roth yearly contribution, not clean out the UTMA altogether. The UTMA has a substantial amount of money in those closed admiral shares at a low (iirc .30) cost.
by canderson
Thu Dec 27, 2012 12:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice, review of portfolio
Replies: 8
Views: 570

Seeking advice, review of portfolio

Greetings! First I should say I've long been a Boglehead, but for the last few years due to job issues, health issues and various other things I haven't (unfortunately) paid as much attention to my retirement accounts as I definitely should. Hence, finally registering here for the guidance of fellow...
by canderson
Wed Dec 26, 2012 11:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Seeking advice, review of portfolio
Replies: 8
Views: 570

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